New to REI-but I believe! I went yesterday for the first time to look at houses with a real agent. There were some possibilities and some definately nots. I got a lead on a house that the guy was eager to sell his house because he is leaving the county in less than 30 days and was considering all offers. The house appeares to be in good shape, and in a decent neighborhood. I thought I would put an offer in on it at 40% less than asking, which the asking price is reasonable for house and neighborhood-so I believe with a little research.
I would like to put more offers on others. But here is were I need help. What if the offer gets accepted?! Great! Yikes! I know that I could rent easy and make money at that price. I do not have money to put down and I don't have any credit. I don't have any buyers lined up yet.
What do I do? Do I put in any more offers? Do I continue to look at more houses? What happens if they get accepted? I am rereading the books again to gain more knowledge that I might have missed the first time.
I am scared to death and do not want to start of my REI career on a bad foot?
Please any advice would be greatly appreciated.